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We really could use a source and a date for the graph, a link would be nice.

I found this general graph. I don't know how accurate it is.

The US Government website has percentages by country, but not specifically Europe..and it has every country from A-Z. There are also other graphs about imports but to specific things like copper, oil, medicine.

We probably do get a substantial amount of imports from Europe if you factor in cars, perfume and designer clothes. Germany's Volkswaggen is gaining market share on Toyota. But compared to the Chinese and Canada, I think Europe's imports pales in comparison. Would be interesting to know if anyone can find concrete data.

Every time Greece or Europe announced bad news in the last several months, the Stock Market sinks by triple digits. It will initially cause chaos as investors won't know how to react. Once the Euro crashes and countries regain their autonomy so to speak, we will stabilize and the dollar will once again be king.

The smart money will have already started moving. The initial chaos will sink the European markets, but the influx of capital to the US should keep our markets a bit more stable. The indicator will be what the dollar does against the Euro over the next two weeks. If it rises significantly, you'll know that it's become the de-facto reserve currency again. If not, watch the other currency markets. If capital begins to flow into Chinese currency, then we're in real trouble.

Originally Posted by Hawkgirl

Most of our imports come from China, not Europe. I may have to pay more for my Barilla brand pasta and imported Reggiano Parmiggiano, but I will survive.

Most, but not all. Twenty-two percent is significant, especially when you consider that we also export significant goods and services there:

Taken together, that's 23% of our exports. Given that our economy is stagnating, any drop in exports would have a serious impact on our economy. Also, remember what happened the last time that currencies in Europe collapsed. The Greeks just put their neo-Nazi party into their parliament for the first time. France just elected a socialist who makes their previous socialists look like Rondal Reagan. Economic instability in Europe inevitably leads to political instability, as extremists come into power.

At this point, the best long term investment strategy in the US is canned goods and ammunition.